03-10-2014, 08:52 PM
KowboysUp, welcome to our cabal.
I guess it comes with old age -- for starters I'd just caution you to build up an emergency fund along with your portfolio. They don't call a house a "money pit" without a reason.
As to the portfolio, I concur with Kerim. With my wife's portfolio, I almost started from scratch about 5 years ago and we're finally getting it somewhat diversified. There was a long time with only a few holdings and patiently reinvesting the dividends. Don't let impatience get the best of you.
Go with your best ideas that are not overvalued. Keep your expenses down and be patient. It's the hardest thing to do when you're young.
Looking forward to hearing about your journey. You'll do well.
I guess it comes with old age -- for starters I'd just caution you to build up an emergency fund along with your portfolio. They don't call a house a "money pit" without a reason.
As to the portfolio, I concur with Kerim. With my wife's portfolio, I almost started from scratch about 5 years ago and we're finally getting it somewhat diversified. There was a long time with only a few holdings and patiently reinvesting the dividends. Don't let impatience get the best of you.
Go with your best ideas that are not overvalued. Keep your expenses down and be patient. It's the hardest thing to do when you're young.
Looking forward to hearing about your journey. You'll do well.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan